PHILLY: Historic Court Transforms Into Hotel
Don Peebles has won the rights to transform the New Deal-era Family Court Building into a Kimpton hotel, with 199 rooms, a 14k SF ballroom, a fitness center, and a rooftop lounge. (Attention: No 6am wake-up calls on vacation without judicial approval.) Peebles Corp is teaming with Navy Yard-based P&A Associates on the estimated $85M project. It'll be the third hotel managed by Kimpton in Center City, following the Hotel Palomar in Rittenhouse and the Hotel Monaco on Independence Square.
Don says redeveloping the landmark "will significantly enhance the Parkway Museums District, generate new tax revenues, and continue the momentum of new commercial and institutional development activity along Vine Street." Work will commence once the Family Court moves into its new 670k SF home at 16th and JFK. If the City moves out this year as expected, P&A's Peter Shaw says to watch for a 2015 opening.